BHI rig count has seen only one drop in 18 weeks from February to June
Drilling activity fell in the U.S. this week, snapping a ten-week long streak of increases, according to Baker Hughes Weekly Rig Count.

A net three rigs came offline today, leaving 1,059 rigs operational in the U.S.

The recent rise in rig counts was quietly becoming one of the most steady on record. A total of 116 rigs came online from early February to early June, with only one drop in rig counts in eighteen weeks. Activity rarely increases in such a steady manner, m...

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